ALFA Finder| Revenue growth | GWP grew 16% YoY to ₹20,369 Cr in FY26. |
|---|---|
| Margins | Combined Ratio improved to 98.8% from 101.1% YoY. |
| Demand visibility | High; 93% of fresh NOPs are new to insurance. |
Growth
FY26 GWP grew 16% YoY to ₹20,369 Cr; PAT increased 16% to ₹911 Cr; Normalised PAT up 45% to ₹1,222 Cr.
Outlook
Focus on 'Digital First' with 96% digital premium collection and expanding home healthcare to 300+ cities.
Risks
Grievance ratio increased to 27 per 10k policies; Investment yield dropped to 5.8% from 7.6% YoY.
Last quarter's promises, checked
Delivered
- Targeted GWP >₹20,000 Cr → delivered ₹20,369 Cr (= BEAT)
- Guided for Retail Loss Ratio improvement → delivered 68.2% from 69.2% (= BEAT)
- Targeted Combined Ratio <100% → delivered 98.8% (= BEAT)
Partly delivered
- Targeted 1M agents → delivered 8L+ agents on track (= PARTIAL)
Missed
- Guided for normalized investment yield → delivered 5.8% actual yield (= MISS)
Earnings Call filed with NSE, NSE: STARHEALTH. Summary written with AI assistance from the document.
Star Health and Allied Insurance Company Ltd: key numbers
- Share price
- ₹557.80
- Market cap
- ₹32,781 Cr
- Revenue (annual)
- ₹17,825 Cr
- Net profit (annual)
- ₹557.0 Cr
- P/E (TTM)
- 31.1×Sector 20.8×
- Promoter holding
- 58.00%-0.01% QoQ
- FII holding
- 15.86%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Star Health and Allied Insurance Company Ltd
All →Star Health and Allied Insurance Company Capital Structure Change
Star Health received IRDAI approval for HDFC Mutual Fund schemes to acquire equity up to 9.99% of paid-up capital, up from 4.49%. The approval extends the fund's existing stake and does not involve a stated rupee amount.
Star Health and Allied Insurance Company Results Update
Star Health reported Normalised PAT of ₹390 Crores in Q2 FY27, up 70% YoY. H1 FY27 PAT stood at ₹815 Crores, up 57% YoY.
Star Health and Allied Insurance Company Earnings Call Transcript: Key Takeaways
Star Health reported a significant structural turnaround with underwriting profitability for the fifth consecutive quarter.
- Call
- Guides 20% growth
Star Health and Allied Insurance Company Other Announcement
Star Health filed a NIL Reg 54 security cover certificate for unsecured NCDs. No secured debt is covered, so this is routine compliance.
Star Health and Allied Insurance Company Investor Presentation: Key Takeaways
H1 FY27 PAT ₹815 Cr (+57%); CISR improved to 97.9% from 100.3%; underwriting result ₹210 Cr vs loss ₹24 Cr. Retail fresh GWP +36%, driven by agency and D2C. Reported profit includes ₹229 Cr MTM gain.
Star Health and Allied Insurance Company Promoter Reclassification
Star Health's board approved reclassifying Sthitaprajna Advisors LLP from promoter group to public shareholder category. The move is subject to requisite regulatory approvals.